Forex Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
Japanese Yen/South African Rand (FOREX:JPYZAR)
Bear Market Rally (-75) - JPYZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYZAR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid JPYZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYZAR
The long-term trend has been DOWN since Nov 3rd, 2020 at 0.15376340
The intermediate-term trend has been UP since Jan 5th, 2021 at 0.14558740
The short-term trend has been DOWN since Jan 19th, 2021 at 0.14521384
Smart Scan Analysis for JPYZAR
Based on our trend formula, JPYZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).